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Rosenberg: Dow Could Fall to 5,000



July 09, 2010 – Comments (5)

Gluskin Sheff analyst David Rosenberg says the Dow could go to 5,000.

Rosenberg's reasons: Even if an economic double dip is avoided, the market is not priced for slower growth, and the intense volatility in the major averages over the past three months is consistent with the onset of a bear phase.

“Bob Farrell believes a test of the March 2009 lows is likely,” Rosenberg points out.

“I don’t think anyone is in a position to debate five decades of experience, not to mention his track record. Louise Yamada, a legend in her own right, not to mention the likes of Bob Prechter and Richard Russell, are on this same page.”

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5 Comments – Post Your Own

#1) On July 09, 2010 at 1:13 PM, jesusfreakinco (28.19) wrote:

Reality versus the squid, Timmy, and Benny...  an epic battle indeed.

QE2 here we come...

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#2) On July 09, 2010 at 2:04 PM, workfor (< 20) wrote:

Excellent post! I agree with everything he said. As a matter of fact, I have thought for some time the Dow and gold would eventually intersect again at approximately the $5,000 mark. It will be a volatile ride however, so hang on.


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#3) On July 09, 2010 at 2:20 PM, SkepticalOx (98.56) wrote:

Prechter thinks the DOW will fall below 1000...

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#4) On July 09, 2010 at 2:50 PM, kdakota630 (28.98) wrote:

For those who don't want to register with the NYT website, here's the article at Reuters.

Thanks for the info, SkepticalOx.

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#5) On July 09, 2010 at 2:59 PM, mhonarvar (< 20) wrote:


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